149/2012 Sb.
The COMMUNICATION FROM the
The Ministry of finance
of 9 June. may 2012,
which determine the conditions for the State's voucher savings bond
The Czech Republic, 2012-2017, FIX%
The Ministry of Finance issued State bonds in accordance with the provisions of section
25 of the Act No 190/2004 Coll. on bonds, as amended,
(hereinafter referred to as the "law on bonds") and specifies the terms and conditions Kuponového
saving the State of the bond of the Czech Republic, 2012-2017, FIX%:
1. basic characteristics of the bonds:
Issuer: Czech Republic-Ministry of finance
Name: the State's voucher savings bond of the Czech Republic, 2012-2017, FIX
%
Abbreviated name: SSD-to the CZECH REPUBLIC, FIX% 17
Serial number issue: 68.
Nominal value: CZK 1.0 (in words: one koruna Czech)
Emission rate: 100% of the nominal value of the
Form of a bond: a valuable paper bearer
Form of a bond: zaknihovaný paper
Currency in which the bonds are denominated: Czech koruna (CZK)
Date of beginning of the emission limits: 10. 5.2012
The date of their emission limits: 12. 6.2016
Issue date: 12. 6.2012
Maturity date: 12. 6.2017
Interest income for the first period from 12. 6.2012 until 12. 6.2013:
1.00% p. a.
Interest income for the second period from 12. 6.2013 to 12. 6.2014:
2.00% p. a.
Interest income for the third period from 12. 6.2014 to 12. 6.2015:
3.00% p. a.
The interest yield for the fourth period from 12. 6.2015 to 12. 6.2016:
4.50% p. a.
Interest income for the period from 12 to five. 6.2016 in 12. 6.2017:
6.00% p. a.
The taxation of interest income: according to the legislation of the Czech Republic
ISIN: CZ0001003560
2. Bonds are within the meaning of the provisions of § 25 paragraph. 2 of the law on
bonds issued on the basis of special laws on the State
the bond program, issuance of government bonds.
3. the following bearer Bonds issued in dematerialised form and
are recorded in a separate register, pursuant to the provisions of § 35
paragraph. 1 (a). (d)) of law No 218/2000 Coll., on the budgetary rules, in the
as amended, the Ministry of Finance (hereinafter referred to as "registration
the Ministry ").
4. Bonds may subscribe only:
and) means a natural person,
(b)) civic association or body, hunting
(c) a trade union or organization) employers
(d)) of the Foundation or Endowment Fund,
e) public benefit corporation,
f) registered the Church or religious society, the Union of churches or
religious societies,
g) professional Chamber or professional organisations,
h) Board of the legal person, which is not the founder of the Ministry,
County, municipality or municipalities within the meaning of section 124, paragraph. 2 Act No. 561/2004
Coll. on pre-school, primary, secondary, higher vocational and other
education, in wording of later regulations,
I) Chamber of Commerce of the Czech Republic or the agrarian Chamber of the Czech
the Republic established within the meaning of Act No 301/1992 Coll., on economic
Chamber of the Czech Republic and agricultural Chamber of the Czech Republic, as amended by
amended,
j) public high school established in accordance with Act No. 111/1998 Coll., on
universities and amending and supplementing other acts, in the wording of the
amended,
to set up a public Research Institute) within the meaning of law No 341/2005 Coll.
public research institutions, as amended by later regulations,
l) Czech television, established in accordance with Act No. 483/1991 Coll., on the Czech
television, in wording of later regulations, Czech Radio, established within the meaning of
Act No. 484/1991 Coll., on the Czech Radio, as amended
regulations, or Czech news agency established within the meaning of Act No.
517/1992 Coll., on the Czech press office, in wording of later regulations,
m) General health insurance company of the Czech Republic established within the meaning of
Act No. 551/1991 Coll., on the Czech General health insurance company
Republic, as amended, or employment insurance
established in accordance with Act No. 280/1992 Coll., on the departmental, branch,
corporate and other health insurance companies, as amended
regulations,
n) territorial self-governing units and higher territorial self-governing units, Czech
Republic or the capital city of Prague,
the Union of towns and municipalities), the Czech Republic, Association of local authorities of the Czech
Republic or the Association of regions of the Czech Republic, or
p) foreign legal person with similar activities as one of the persons
referred to in subparagraphs (a) (b)) to (h)).
5. The Ministry of finance as the issuer does not intend to apply for admission
bonds to trading on a regulated European market or in
multilateral trading system located in a Member State of the European
the Union. Bond trading on the said transfer is
out of the question.
6. the total estimated nominal value of the bond issue is 5 0000 0000
USD (in words: five billion Czech Crowns). Bonds may be in
accordance with the provisions of section 11 of the Act on bonds issued in smaller or in
the larger the volume of emissions than the estimated total nominal value
the bond issue. The possible range of the increase in the volume of emissions shall be 50 0000 0000 0000
(In words: fifty billion Czech Crowns).
7. the issue of bonds may be issued in the context of the emission limits after gradually
parts (tranches).
8. will be the issuer of the Bonds offered for subscription in the Czech Republic
offer to the public. Activities associated with underwriting the bonds ensures
The Ministry of finance and the persons instructed to carry such activities
(hereinafter referred to as "distributors"). The list of distributors shall be published on the
the website of the Ministry of finance and in other ways
to allow remote access.
9. The underwriters mentioned in point 4, the following emission conditions served
the application of the relevant tranche of bonds subscriptions through the Distributor.
One underwriter may subscribe through a subscription request
bonds in a number of pieces of at least 1000 (in words: one thousand). The underwriters
are required when applying for the subscription of the bonds to the Distributor
credible way demonstrate that they belong among the persons referred to in point 4
These emission conditions. The price of the subscription of the bonds means the total
the nominal value of the bond multiplied by the upisovaných of their IPO.
An underwriter is obliged to pay the price of the subscription of bonds within five working
days from the date of termination of the subscription of the relevant tranche. The moment of payment of the price
subscription of the bonds to the Subscriber on the account of the Distributor, the subscription request
bonds becomes a valid, binding and cannot be already by underwriters
Cancel. From the date of payment of the price of the subscription of the bonds to the date of issue of the relevant
This amount does not include interest tranche. After the date of termination of the subscription of the competent
tranche of the bond subscription requests will no longer be the relevant tranche of bonds
distributors accepted. In the case of achieving or exceeding the
the estimated nominal value of emissions in accordance with section 6 of these emissions
conditions may the Ministry of finance to decide on the reduction of the number of pieces
upisovaných bonds in accordance with the requests for subscription of bonds submitted to date
their subscription to the relevant tranche of bonds. Neuspokojeným or partially
uspokojeným subscribers will return them a price of subscription bonds,
that have not been subscribed for, without undue delay, the non-cash transfer on
payment account from which the funds remitted to the account
the Distributor, or in the payment account referred to in the application for underwriting bonds in the
the case of the payment of the price of upisovaných bonds in cash. From the date of payment of the
price of the subscription of the bonds, which were subscribed, until the date of repayment of the paid
bond prices, which were subscribed, this amount does not include interest.
10. the first tranche of the bond Subscription is terminated on the date 31. 5.2012, or to
date to be determined by the issuer, whichever date is earlier.
11. the issuer may decide to subscribe for any other tranches of bonds
In addition to the tranche referred to in point 10 of these terms and conditions and the date of issue
the start and end date for the subscription of bonds of the relevant tranche. The notice of
any other tranches shall be published on the website of the
The Ministry of finance and other ways to allow remote access.
12. Transferability bonds in the records of the Ministry commences on the date
crediting the accounts of the first purchasers of the bonds. The request for conversion
bonds is served by the Distributor. The bonds are
transferred without cash settlement. The bonds can be converted only to the
the persons referred to in point 4 of these emission conditions. The person to whom the
the bonds are transferred, is required when filing a request for conversion of bonds
Distributor credible way demonstrate that among the persons
referred to in point 4 of these emission conditions. On the last day, when the
experience transfer in the register of the Ministry, the bonds is 12. 5.2017.
13. The bonds shall be remunerated at a fixed rate of interest, which for each revenue
growing period referred to in point 1 of these emission conditions. Interest income
are paid once a year, and it's always the date 12. 6. starting from the year of
13. the total amount of the interest income from all bonds of the owner of this
the emissions to be paid to the owner shall be rounded to the penny. If the
the date of payment of the interest income on the day which is not a working day, it will be
payment made the first following working day without entitlement to interest
the yield for the transferring.
14. Interest income receives always the person who is the owner of bonds to
date 12. 5. starting in 2013. Interest income for the first period
from the date of issue until 12. 6.2013 will receive the person who is the owner of
bond to date, 12. 5.13.
15. the calculation of aliquot interest income takes place on the basis of the actual
the number of calendar days in a year and the actual number of days in the relevant
výnosovém period (act/act). Yield period means
the relevant period referred to in point 1 of these emission conditions.
Dilute an aliquot portion of the interest income to be counted from the date of the bond prices
emissions and is calculated as the share of the interest yield multiplied by the actual
the number of days from the start date of the relevant revenue period to date
calculation of aliquot interest income and the actual number of days
the relevant period of revenue growth. The total amount of the proportional part of the interest rate
the yield of all bonds of the owner of this issue for the purpose of calculating the
the aliquot interest income shall be rounded down to pennies.
16. The Department of Justice on the interest yield of the bond by bond.
17. The Ministry of finance as issuer is not entitled to repaying
bonds issued before the due date, does not ask about premature
the repayment of the bond owner referred to in section 18 of these emission conditions.
The Ministry of finance is authorised to acquire the bonds to their asset in
the meaning of the provisions of section 15, paragraph. 4 of the Act on bonds.
18. The owner of the bonds has the right to ask the Ministry of finance as a
the issuer through the Distributor for the early repayment of all or a
part owned bonds in accordance with the following timetable:
---------------------------------------------------------------------------------------------------
The date of the first of a possible filing date of the submission of the last possible Date
request for early repayment request for early repayment early repayment
---------------------------------------------------------------------------------------------------
1.3. 2013 29. 5.2013 1.7. 2013
31.5. 2013 29. 2013 30 8. 9.2013
2.9. 2013 28. 11.2013 31. 12.2013
2.12. 2013 27. 2.2014 31. 3.2014
3.3. 2014 29. 5.2014 30. 6.2014
2.6. 2014 28. 8.2014 30. 9.2014
1. the 9. 2014 27. 11.2014 31. 12.2014
1.12. 2014 26. 2.2015 31. 3.2015
2.3. 2015 28. 5.2015 30. 6.2015
1. the 6. 2015 28. 8.2015 30. 9.2015
1. the 9. 2015 27. 11.2015 31. 12.2015
1.12. 2015 26. 2.2016 31. 3.2016
1.3. 2016 27. 5.2016 30. 6.2016
1. the 6. 2016 30. 8.2016 30. 9.2016
1. the 9. 2016 29. 11.2016 30. 12.2016
---------------------------------------------------------------------------------------------------
The owner of the bonds shall be entitled to a proportion of relevant interest
revenue for the period from the start date of the relevant revenue period to date
early repayment. Dilute an aliquot portion of the interest income for the period from the date of
initiation of the relevant revenue period until the date of early repayment and the
the nominal value of the relevant bonds will be paid to the person who is
the owner of the bonds on the first working day following the
the last possible date of submission of the request for early repayment.
Request for early repayment of the bond owner shall submit, through the
Distributor. From the moment of submission of the request for early repayment cannot be
bonds in the number of pieces in which a request was made for early
redemption, transfer to other beneficiaries. A bond owner
can one the date of early repayment through a single request
early repayment request early repayment of owned
bonds in a number of pieces of at least 1000 (in words: one thousand). One
the owner of the bonds may one the date of early repayment request
premature repayment of the 100% owned bonds to a number of pieces of 500
000 (five hundred thousand) including and not more than 50% owned
bonds over the number of pieces of 500 000 (five hundred thousand). Bonds
early repayment shall expire at the same time with the right of the owner of the interest
the yield. The amount corresponding to the nominal value of the bonds and the owner
an aliquot portion of the interest income will be the owner when
early repayment paid by non-cash transfer to the payment account,
that is conducted in the territory of the country in the domestic currency, which is the owner of the bonds
must indicate when the subscription, transfer or gradient of a bond. Any amendment to
payment account shall notify the owner of the bonds through a Distributor.
The total amount of the aliquot interest income from a number of bonds,
the early repayment of the bond owner asked to be paid
the owner for the period from the start date of the relevant income of the period in
the date of early repayment, rounded on the pennies.
19. the issuer declares that the due date he owes each owner
the nominal value of bonds owned the bonds. The bonds will be
repaid at their nominal value at the date of 12. 6.2017, the absence of the owner
the request for the reinvestment of bond nominal value of these bonds according to the
point 21 of these emission conditions. To this date, ending interest bonds.
The nominal value of all the bonds the owner will, together with the last
the interest income is paid to the person who is the owner of the bonds to the date
12.5. 2017. If the date of repayment of the nominal value of the bonds and
payment of interest income on the last day which is not a working day,
payment will be made the first following working day without
interest income for the transferring.
20. the issuer undertakes to ensure the payment of the interest income from
bonds and repay the nominal value of the bonds to their owners under the
These emission conditions. The place of payment is the Czech National Bank.
Interest income bonds are paid by non-cash transfer to the
payment account, which is maintained in the territory of the country in the domestic currency and which is
the owner of the bonds must indicate when the subscription, transfer or gradient
bonds. In the same way is paid the nominal value of the bonds,
If the owner submits a request for the reinvestment of bond nominal value
These bonds pursuant to paragraph 21 of these emission conditions. The eventual
change the payment account shall notify the owner of the bonds through the
Distributor.
21. The owner of the bond is entitled to ask the Ministry of finance as a
the issuer through the distributor of the reinvestment of the nominal value
all or part of it owned by the bonds of this issue. In such a
the case will not be the owner of the bonds of their nominal value or its
the part paid by non-cash payment by bank transfer to the account
section 20 of these emission conditions, but will be the owner of the
the amount of reinvestována in bonds designated by the issuer. The notice of
the date from which it is possible to request a re-investment of the nominal
the value of the bonds, and bonds, which can be rated
the value of the bonds to reinvest, is published in advance
on the website of the Ministry of finance and in other ways
to allow remote access. Ask the owner about the reinvestment of bond
submitting an application for the reinvestment of the nominal value of bonds
through a Distributor. The last day for the submission of applications for
the reinvestment of the nominal value of the bonds is 11. 5.2017.
22. The valid assessment of financial eligibility (rating) of long-term
on CZK-denominated liabilities to the date of the determination of emission conditions made
by Standard Poor's & is at level AA, by Moody's on
level A1 and by Fitch Ratings to AA-level.
23. The bonds are direct, unconditional obligations of the Czech and nepodřízenými
the Republic, which are on the same level with all the other existing
and future direct, unconditional obligations of the Czech and nepodřízenými
of the Republic.
24. all rights associated with the bonds and coupons issued to them in
the meaning of the provisions of section 42 of the Act on the expiration of the 10 barred bonds
years from the date on which it could be invoked for the first time.
25. These terms and conditions shall be published in the collection of laws. Notification for
the public on these bonds shall be published on the Internet
the website of the Ministry of finance and other ways to allow remote
access.
26. The operational order of the separate registration of government bonds held
The Ministry of finance is binding on all the owners of the bonds and
published on the website of the Ministry of finance.
27. The Ministry of finance reserves the right to make all acts
related to the keeping of the Ministry, the subscription of the bonds,
early repayment of the bonds, the reinvestment conditions, nominal value
bonds, entries in the register of the Ministry, changes to data and other
related activities defined Operational regulations, separate registration
Government bonds held by the Finance Ministry.
28. These conditions can be translated into foreign languages. If there is a
the discrepancy between the different language versions of the emission conditions, shall decide
This version of the Czech.
Minister:
Ing. K in r.
